乐鱼（Leyu）体育官网 and MindBridge announce alliance to power 乐鱼（Leyu）体育官网 audits with AI technology

Alliance follows multi-year collaboration between 乐鱼（Leyu）体育官网 in Canada and MindBridge, focused on harnessing the power of AI for enhanced risk-assessment and audit quality
By embedding MindBridge鈥檚 advanced statistical, machine learning, and rules-based analytics technology into 乐鱼（Leyu）体育官网 Clara, 乐鱼（Leyu）体育官网 firms鈥� digital audit have the ability to analyze transactions on a more granular level, helping to increase transparency, visibility and explainability.
With the implementation of MindBridge technology, 乐鱼（Leyu）体育官网 firms are furthering their longstanding commitment to training and upskilling the next generation of auditors in innovation, data analytics and AI technology.

乐鱼（Leyu）体育官网 and have today announced a strategic alliance to help bring advanced artificial intelligence (AI) into 乐鱼（Leyu）体育官网 member firms鈥� digital audits around the world. 乐鱼（Leyu）体育官网鈥檚 smart audit platform, 乐鱼（Leyu）体育官网 Clara, will now use MindBridge鈥檚 technology to help unleash the power of AI into audits, further enabling the identification of unexpected or high-risk transactions and helping to provide enhanced audit quality.

Through 乐鱼（Leyu）体育官网 Clara, 乐鱼（Leyu）体育官网 firms continue with their shared commitment to transform the audit by harnessing the power of technology with the aim of providing higher quality and transparent results. Released in 2017, as a scalable, cloud-based platform, 乐鱼（Leyu）体育官网 Clara offers a risk-based and data-enabled digital audit that is consistent across 乐鱼（Leyu）体育官网 firms around the world. MindBridge鈥檚 advanced statistical, machine learning, and rules-based analytics technology, combined with 乐鱼（Leyu）体育官网 Clara鈥檚 capabilities, can help improve risk identification in digital audits.

In an increasingly complex, uncertain world, businesses are looking to cut through the noise and gain a better understanding of their place in the world. Our alliance with MindBridge will bring increased levels of AI into 乐鱼（Leyu）体育官网 Clara, allowing for improved risk identification, helping in the continued delivery of higher quality audits by combining 乐鱼（Leyu）体育官网 firm鈥檚 in-depth industry experience and MindBridge鈥檚 advanced techniques. Working together we continue to digitally transform the audit, providing increased quality and value to clients and enhancing public trust.

Sebastian St枚ckle

Global Head of Audit Innovation

Today鈥檚 announcement is the next chapter in a longstanding collaboration between 乐鱼（Leyu）体育官网 in Canada and Ottawa-based MindBridge. Both organizations have been working closely for a number of years, investigating how to reimagine the audit experience and deliver even higher audit quality, with better insights and a greater understanding of complex sets of data. The new technology has been piloted with select 乐鱼（Leyu）体育官网 member firms and is presently being rolled out throughout the global network.

The alliance with 乐鱼（Leyu）体育官网 speaks volumes to the step change we are leading in the modernization of the audit industry. Our platform, integrated into 乐鱼（Leyu）体育官网 Clara, provides a thorough analysis of clients鈥� financial data, identifying risks at a transactional level across complex businesses, setting the new standard for cohesive data science and AI-led auditing capabilities.

Leyton Perris

CEO and President of MindBridge

With growing public interest on the use of AI technologies, the alliance between 乐鱼（Leyu）体育官网 and MindBridge aims to act as a world-leading example of how to design, build and apply the powerful capability of AI in a safe and responsible manner. Both organizations came to the table with a shared goal of reimagining the audit experience and have leveraged AI to increase audit quality and transparency while carefully managing associated risks and putting necessary safeguards in place. The new strategic alliance will embed AI on audits consistently across the 乐鱼（Leyu）体育官网 global network.

Through the alliance, 乐鱼（Leyu）体育官网 auditors will benefit from using MindBridge鈥檚 AI-embedded audit intelligence tools, visualized analytics, and the in-depth resources needed for stronger analysis and assessment of risk. That means member firm auditors are spending less time on routine data reviews and instead will increase focus on identified relevant riskier items. With this new lens, 乐鱼（Leyu）体育官网 auditors can see new insights into clients鈥� business that drive better analysis, better conversations, and better quality.

Larry Bradley,

Global Head of Audit at 乐鱼（Leyu）体育官网

乐鱼（Leyu）体育官网 remains committed to the empowerment of both the current and next generation of auditors and continues to strategically invest in their talent by working with leading institutions across the globe to upskill professionals in innovation, and ESG. As part of this strategic alliance, 乐鱼（Leyu）体育官网 audit professionals shall have increased access to no-code AI capabilities and learnings, designed to enhance their ability to analyze high volumes of data to garner increased insights and value.

To learn more about 乐鱼（Leyu）体育官网 and MindBridge,听visit kpmg.com/auditinnovation听or .

About 乐鱼（Leyu）体育官网

乐鱼（Leyu）体育官网 is a global organization of independent professional services firms providing Audit, Tax and Advisory services. 乐鱼（Leyu）体育官网 is the brand under which the member firms of 乐鱼（Leyu）体育官网 International Limited (鈥溊钟悖↙eyu）体育官网 International鈥�) operate and provide professional services. 鈥溊钟悖↙eyu）体育官网鈥� is used to refer to individual member firms within the 乐鱼（Leyu）体育官网 organization or to one or more member firms collectively.

乐鱼（Leyu）体育官网 firms operate in 143 countries and territories with more than 265,000 partners and employees working in member firms around the world. Each 乐鱼（Leyu）体育官网 firm is a legally distinct and separate entity and describes itself as such. Each 乐鱼（Leyu）体育官网 member firm is responsible for its own obligations and liabilities.

乐鱼（Leyu）体育官网 International Limited is a private English company limited by guarantee. 乐鱼（Leyu）体育官网 International Limited and its related entities do not provide services to clients.

For more detail about our structure, please visit kpmg.com/governance.

About MindBridge

MindBridge, provider of the world鈥檚 leading financial risk discovery platform, helps auditors, accountants, and financial professionals to become more efficient and effective. From transactional risk assessment to organizational process improvements, users are provided with the AI-embedded tools, visualized analytics, and in-depth resources they need for stronger analysis, assessments, and advisory services. Artificial intelligence and industry expertise set the MindBridge platform apart to surface errors, intentional or not. The organization has been recognized by the World Economic Forum as a Technology Pioneer in 2020, and Forbes Top 50 AI Firms to Watch in 2021, for its contribution to transforming the accounting and financial professions鈥� ability to analyze data. Founded in 2015 in Ottawa, Canada, MindBridge serves customers in the audit and advisory, enterprise, government, and financial institution segments around the world.